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A company has the following account balances at the end of the year: 4 Credit Sales - $400,000 Accounts receivable - $80,000 Allowance for Uncollectible
A company has the following account balances at the end of the year: 4 Credit Sales - $400,000 Accounts receivable - $80,000 Allowance for Uncollectible Accounts = $400 debit eBook The company estimates future uncollectible accounts to be 4% of accounts receivable. At what amount would Bad Debt Expense be reported in the current year's income statement? Multiple Choice o $400 $2,800 O O $3,200. O O $3,600
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